Ripple's XRP has recently performed impressively, surpassing USDT and SOL in market capitalization to become the third-largest cryptocurrency, with a growth rate exceeding 360%. The rise of XRP has not only improved its ranking among global assets but has also boosted the popularity of XRPL ecosystem projects. According to RootData, the token prices of projects like Evernode and Sologenic have surged significantly.
The expansion of the XRPL ecosystem is also underway, with Ripple planning to launch the XRPL EVM sidechain in 2025 and test the stablecoin RLUSD on XRPL. Additionally, Ripple is collaborating with Archax to bring hundreds of millions of dollars in real-world assets into XRPL, aiming to become a leading blockchain for RWA tokenization.
In terms of technical collaboration, Coreum has launched an XRPL cross-chain bridge, Evmos provides technical support for the XRPL sidechain, and Axelar acts as the exclusive cross-chain protocol, further enhancing the XRPL ecosystem. Band Protocol offers oracle services for XRPL, assisting its technological development.
With the continuous expansion of the XRPL ecosystem and technological innovations, the market performance of XRP and its related projects deserves ongoing attention.